France Gazettes Amending Finance Law 2022

Aug. 22, 2022, 5:00 AM UTC

The French Official Gazette Aug. 17 published Law No. 2022-1157, Amending Finance Law 2022. The law includes measures: 1) increasing the income tax and social security contribution exemptions for restaurant vouchers to 5.92 euros (US$5.97) per voucher issued from Sept. 1 to Dec. 31; 2) providing an individual income tax exemption for tax years 2022 and 2023 of up to 700 euros (US$706) for fuel and alternative vehicle costs paid by employers, with fuel costs capped at 400 euros (US$403); 3) increasing the tax exemption cap on overtime pay to 7,500 euros (US$7,573) from 5,000 euros (US$5,048), effective Jan. 1; ...

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